Max 401k Contribution 2024 Calculator Employer Match. You only pay taxes on contributions and. Those 50 and over can contribute an additional $3,500 for a maximum contribution of $19,500.

If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. Your employer’s 50% match is limited to the first 6% of your salary then limits your employer’s contribution to $3,000 on a.